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Concord West, NSW 2138

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Concord West, NSW 2138 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Concord West, NSW 2138”

  1. The total adult population (15 years or older) of Concord West 2138 NSW is 5,103, with a median age of 42. Of those, 52.60% are married, 8.99% are divorced or separated, 33.33% are single and 5.13% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $11,308. The median monthly mortgage repayment for households in this suburb is $3,000 which is 26.53% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in NSW, the suburb of CONCORD WEST 2138, holds a proud community of approximately 2429 households. As we enter Q3 of 2023, the typical house price in CONCORD WEST 2138 sits around an impressive $2,599,682. Coupled with a median weekly rent calculated at $831, this results in an indicative yield hovering at 1.66%.

    With regards to socio-economic conditions, CONCORD WEST boasts an IRSAD score of 1100 out of 1217, signifying a solid socio-economic status with access to plenty of economic resources, and a population equipped with a high income level and well-qualified professions. Furthermore, the suburb displays a renter to owner ratio of 25%, indicating a balanced and healthy property market with a favourable low renter presence.

    For investors and buyers considering the current supply and demand metrics, CONCORD WEST presents a low units to houses ratio of 10%, suggesting the dominance of houses over units. This is advantageous as areas with fewer units tend to attract longer-term tenants such as families, overall promoting a stronger community ‘vibe’ and better investment returns. The affordability index in the suburb, however, looks a bit stretched, estimating a steep 90 years to fully own a house.

    From a supply perspective, the stock on market Percentage for houses stands at 0.5% which is in the neutral range. Meanwhile, the house market inventory slips into a favourable territory with an average of 2.1 months, indicating a relatively quick turnaround of property sales. The building approvals Ratio for houses is moderately preferable at 0.43%, suggesting a low supply of newly approved dwellings.

    As to demand metrics, CONCORD WEST sees houses stay an average of 24 days on the market, indicating a high demand for property. The combined vacancy rate for houses and units stand at 1.33%, which leans towards high demand and is favourable for investors. Finally, the buy search index for houses has a value of 5, meaning that the demand for property purchase is at par with the state/city average.

    As with all property investment decisions, a comprehensive understanding of the market data is crucial. In CONCORD WEST 2138, the majority of the analysed metrics seem favourable, notwithstanding some areas for improvement, making the suburb a promising consideration for both property investors and buyers alike.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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